I am in deep debt and I am four months behind in my mortgage payments. Is there some way to borrow from a private individual, using my house as security, or even giving them part ownership of the house until they are paid back? I need $60,000 and my credit is too low, under 500. I just started working again earning $3000 per month as an insurance sales agent. Can anyone help me?
Bought house in Jul 04 for 143,000, owe 141,900 at 5.5 and intend to live here forever. (3 bed, 2 bath, 2 car garage, inground pool).
I can provide more detailed info like full name, address, phone, etc.